JWVL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JWVL
Largest movements
- Cash +€30,611
up €30,611 (+259.6%), from €11,793 to €42,404
mainly Net result for the year (+€33,043) and Depreciation (+€8,512)
- Receivables within one year +€12,705
up €12,705 (+58.3%), from €21,780 to €34,485
of which Trade receivables: +€12,705
- Tangible fixed assets -€8,512
down €8,512 (-66.5%), from €12,798 to €4,285
of which Furniture and vehicles: -€8,154
- Reserves +€33,043
up €33,043 (+103.2%), from €32,018 to €65,061
- Tax, wage and social debts +€5,733
up €5,733 (+105.9%), from €5,415 to €11,147
- Other debts -€2,824
down €2,824 (-46.7%), from €6,053 to €3,229
- Trade debts -€969
down €969 (-92.9%), from €1,043 to €74
- Gross operating margin +€12,216
up €12,216 (+28.5%), from €42,796 to €55,013
- Taxes +€4,851
up €4,851 (+64.9%), from €7,471 to €12,323
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,510 | €82,869 | +€34,358 | +70.8% |
| Fixed assets | 21/28 | €12,798 | €4,285 | -€8,512 | -66.5% |
| Tangible fixed assets | 22/27 | €12,798 | €4,285 | -€8,512 | -66.5% |
| Plant, machinery and equipment | 23 | €1,247 | €888 | -€359 | -28.8% |
| Furniture and vehicles | 24 | €11,551 | €3,397 | -€8,154 | -70.6% |
| Current assets | 29/58 | €35,713 | €78,583 | +€42,871 | +120.0% |
| Amounts receivable within one year | 40/41 | €21,780 | €34,485 | +€12,705 | +58.3% |
| Trade receivables | 40 | €21,780 | €34,485 | +€12,705 | +58.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,793 | €42,404 | +€30,611 | +259.6% |
| Deferred charges and accrued income | 490/1 | €2,140 | €1,695 | -€446 | -20.8% |
| Total equity and liabilities | 10/49 | €48,510 | €82,869 | +€34,358 | +70.8% |
| Equity | 10/15 | €35,018 | €68,061 | +€33,043 | +94.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,018 | €65,061 | +€33,043 | +103.2% |
| Distributable reserves | 133 | €32,018 | €65,061 | +€33,043 | +103.2% |
| Amounts payable | 17/49 | €13,492 | €14,808 | +€1,316 | +9.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,018 | €14,450 | +€1,431 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €508 | €0 | -€508 | -100.0% |
| Trade debts | 44 | €1,043 | €74 | -€969 | -92.9% |
| Suppliers | 440/4 | €1,043 | €74 | -€969 | -92.9% |
| Taxes, remuneration and social security | 45 | €5,415 | €11,147 | +€5,733 | +105.9% |
| Taxes | 450/3 | €5,415 | €11,147 | +€5,733 | +105.9% |
| Other amounts payable | 47/48 | €6,053 | €3,229 | -€2,824 | -46.7% |
| Accrued charges and deferred income | 492/3 | €474 | €358 | -€116 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,512 | €8,512 | = | 0.0% |
| Other operating charges | 640/8 | €543 | €707 | +€164 | +30.2% |
| Gross operating margin | 9900 | €42,796 | €55,013 | +€12,216 | +28.5% |
| Operating profit (loss) | 9901 | €33,741 | €45,793 | +€12,052 | +35.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €548 | €428 | -€120 | -21.9% |
| Recurring financial charges | 65 | €548 | €428 | -€120 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €33,193 | €45,365 | +€12,172 | +36.7% |
| Income taxes | 67/77 | €7,471 | €12,323 | +€4,851 | +64.9% |
| Profit (loss) for the period | 9904 | €25,722 | €33,043 | +€7,321 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,722 | €33,043 | +€7,321 | +28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.